Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
Compliance and underwriting assets that “foster trust and mitigate risk of bank-fintech partnerships” were among the most attractive payment sector themes in Bain & Company’s 2025 M&A report. This morning, we start with a financial services deal, as Montagu has agreed to carve out an accounting and transfer agency software provider from Swiss-listed Temenos.
We then look at an add-on deal, with Ambienta-backed Officine Maccaferri acquiring a geosynthetics manufacturer in the US.
We’ll return to the Bain & Co report to finish, with a focus on the insurance segment.
Carving out
Montagu has agreed to acquire Multifonds in a carve-out transaction from its corporate parent, Temenos.
You can learn more about the deal in the premium Wire coverage.
For more on Montagu's views on carve-outs, check out my interview with the firm here.
Emissions reduced
Let’s switch from carving out to adding on. Ambienta-backed Officine Maccaferri has acquired Synteen Technical Fabrics, a geosynthetics developer and manufacturer for the infrastructure sector.
To learn more, take a look at the full Wire coverage here.
Reshaping
Insurance dealmaking in 2024 was characterized by divestitures and some scale consolidation plays, according to Bain & Company’s 2025 M&A report. It's a topic we'll revisit in an upcoming deep dive into AnaCap’s recent Italian insurance deal.
For my takeaways from the report, check out the premium Wire coverage here.
That’s all from me this morning. Michael Schoeck will be with you later today with the US edition, while Irien Joseph is back on Europe Wire duty tomorrow.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
